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Brent oil touches $110 as Iran escalates Hormuz attacks, Ukraine vows to hit Russian refineries

U.S. crude oil prices rose sharply Friday as Iran escalated attacks in the Strait of Hormuz this week.

Kyiv Mayor Vitaliy Klitschko has called on the State Treasury to unblock funds for the restoration of Kyiv's housing damaged during Russian attacks. As of October 16, over 4,480 apartment buildings in the city have been damaged, with 1,783 of those injuries occurring in 2026. The damage varies, ranging from shattered windows and balconies to destroyed entrances and networks, rendering some apartments uninhabitable. Currently, 205 buildings in 2026 alone are severely damaged.

To date, 64 buildings have been restored and rebuilt, bringing the total number of restored residential buildings to 4,227. However, the main obstacle to continued restoration efforts is the potential blocking of city funds by the State Treasury. Klitschko has emphasized that such actions are unacceptable, especially when residents are eagerly awaiting the restoration of their homes.

The city has once again urged the government and the State Treasury to unblock the necessary funding for critical restoration projects aimed at repairing the homes destroyed by Russia.

Written by urgent.news from Interfax-Ukraine's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

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